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A new Reliance: Can Mukesh Ambani pull off a transformation?

At the heart of one of the biggest transformations in India's corporate history lies a plan to offer super-fast broadband services

It was perhaps Reliance Industries (RIL) Chairman and Managing Director Mukesh Ambani's most expansive statement at a shareholders' meeting so far. In it, he laid stress on a "New Reliance", whose growth will be based on what he termed two massive engines - hydrocarbons and consumer businesses. Content matched intent, as more than half of the 6,600-word-long speech was devoted to the telecom and retail businesses. At the heart of one of the biggest transformations in India's corporate history lies a plan to offer super-fast broadband services over mobile phones to the ...